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Media Is Now Predicting A Massive 40% Property Price Crash
Comments
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You don't think that there may be at LEAST as much of a problem there due to the reason for sale...?
What may or may not have gone on at the house doesn`t seem to have stopped another high profile sports person picking it up at a knockdown price, why should anyone else care, they didn`t commit a crime? If the demand was there he wouldn`t have made a loss, it has nothing to do with anything else IMO.0 -
Clue: Reputation...0
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Clue: Reputation...
Clue: No one cares, obviously the high profile person (who you might think would care about reputation) doesn`t care? It sold because it got money knocked off, it was never worth it`s bubble price, the guy selling couldn`t tell a bubble from a mobile phone, if he hadn`t wasted it on houses it would have been cars or bent accountants. IMO.0 -
bobbymotors wrote: »they will all have gone up again by 50% or so.
:whistle::whistle::whistle::whistle::whistle:0 -
well, Crashy, the thing is that over the last 50 years (I bought my first house 40 years ago) the problem you've got is that I'm right and you're wrong.
I paid £17,000 in 1978 for my first house.
It's worth £450,000 + today
At the moment i own 4 houses including the one I live in. Bought in 1994, 1996, 2000 and 2002.
All 4 together cost me £543,000
Today they are worth £1.56m.
so to put me back where I was, we need approx a 70% crash.
Still, you know best, renting is the way forward.
Especially when people rent from me......0 -
bobbymotors wrote: »well, Crashy, the thing is that over the last 50 years (I bought my first house 40 years ago) the problem you've got is that I'm right and you're wrong.
I paid £17,000 in 1978 for my first house.
It's worth £450,000 + today
At the moment i own 4 houses including the one I live in. Bought in 1994, 1996, 2000 and 2002.
All 4 together cost me £543,000
Today they are worth £1.56m.
so to put me back where I was, we need approx a 70% crash.
Still, you know best, renting is the way forward.
Especially when people rent from me......
They are worth what someone pays you in a completed sale to your bank account, everything else is just bubble talk. Why don`t you try selling some, see how you get on?0 -
bobbymotors wrote: »well, Crashy, the thing is that over the last 50 years (I bought my first house 40 years ago) the problem you've got is that I'm right and you're wrong.
I paid £17,000 in 1978 for my first house.
It's worth £450,000 + today
At the moment i own 4 houses including the one I live in. Bought in 1994, 1996, 2000 and 2002.
All 4 together cost me £543,000
Today they are worth £1.56m.
so to put me back where I was, we need approx a 70% crash.
Still, you know best, renting is the way forward.
Especially when people rent from me......
Have you got an exit strategy, or are you going to leave them to family? We don't have family to leave them to, so we do need (have got) an exit strategy.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Crashy_Time wrote: »They are worth what someone pays you in a completed sale to your bank account, everything else is just bubble talk. Why don`t you try selling some, see how you get on?
you really are as dim as you appear.
still, at least I've got something to show for what Ive paid out.
And so have you.....lots of receipts for the rent you've paid.0 -
chucknorris wrote: »Have you got an exit strategy, or are you going to leave them to family? We don't have family to leave them to, so we do need (have got) an exit strategy.
while I have nice lot of rent coming in and whilst I am fit and well then I shan't be cashing out, no.
When the point comes I will probably do equity release on them and spen the money on cars, cruises, clothes, and several hookers. At once lol.0 -
bobbymotors wrote: »you really are as dim as you appear.
still, at least I've got something to show for what Ive paid out.
And so have you.....lots of receipts for the rent you've paid.
Why do you haunt property forums every day if your life is so sorted?0
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